After a record-setting 2018, global venture capital funding in digital health declined in 2019 with $8.85 billion raised in 615 deals, according to a new report. That’s a 6% drop compared to $9.5 billion in 698 deals in 2018, according to the report from Austin, Texas-based communications and research firm Mercom Capital Group. Total corporate funding for digital health firms, including venture capital, debt, and public market financing, reached $10.1 billion in 2019. M&A activity also declined in 2019 with 169 total transactions, Mercom Capital reported. That compares to 223 transactions in 2018, a 24% decline in deal activity. mHealth apps were the most acquired category in 2019 with 27 transactions, followed by practice management solutions with 17 transactions, and telemedicine with 14 transactions.
Read the full article: After Three Years of Growth, Digital Health Funding Declined in 2019 to $8.9B: Report //